Yemen News Agency ( SABA)
          Search
Oil falls back on profit-taking

Oil falls back on profit-taking

[11/December/2021]

LONDON, Dec. 11 (Saba) - Oil fell back on Friday, with traders selling crude to profit after a strong rally this week thanks to growing confidence that the rapid spread of the "Omicron" mutant will not damage fuel demand.

 

And US crude futures fell 0.1 percent, to $ 70.87 a barrel, by 01:50 GMT, after falling two percent in a volatile session the previous day. Brent crude futures fell 4 cents to $74.38 a barrel, after falling 1.9 percent on Thursday.

E.M

 

 

resource : Saba



  more of (Local)